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AAFM ® American Academy of Financial Management ®

AAFM ® Financial Executive Designation Curriculum

Financial Executive Designation

Increase analytical skills and understand financial dynamics

An intensive program to help finance and non-finance executives to:

• Communicate with financial executives

• Improve financial vocabulary

• Interpret financial information

• Comprehend current analytical practice and techniques

• Apply financial information in managerial decision making

• Assess financial strengths and weaknesses

• Contribute to the development and maintenance of the finance function in organization of all sizes

• Understand and appreciate how business decisions are reflected in financial reports

• Confidently communicate with finance executives in their language and improve financial vocabulary

• Interpret financial information and assess its impact on the business as well as comprehend current

analytical practices and techniques

• Effectively use financial information in managerial decision making and assess the financial strengths

and weaknesses of competitors

• Develop the skills required to make an important contribution to the development and maintenance

of the finance function throughout the company

About the Event:

Today’s executives are faced with ever-increasing challenges.

Flatter corporate structures, competition, over capacity and changing business environments, all place enormous demands on managers, calling for greater management skills.

A modern executive wears multiple hats and needs multiple skills. Even highly innovative and creative managers with excellent people skills must report their results using financial terms and concepts.

This stimulating five-module program will enhance your ability to interpret and use financial information in your managerial decision-making.

It has been designed to transform the non-finance as well as finance manager into a more effective team member who can propose, analyse and evaluate financial decisions. It does so by providing a fundamental understanding of the content, concepts, models and terminology of financial systems.

If you are a manager of a company, division, group, or in any way responsible for reporting the success of your area, attendance on this course could be the most important investment you ever make.

The American Academy of Financial Management (AAFM) sanctions the course. Formal registration will be provided by the AAFM in recognition of successful completion of the course, along with the status of an associate member of the Academy.

On successful completion of the course, delegates will receive the designation of Registered Financial Specialist or Master Financial Manager.

Program Content

Review Of Fundamentals: Profit And Loss, Balance Sheet, Cash Flow

• Framework and regulations within both financial and management accounts

• Generally accepted accounting practice and the mindset of storekeepers

• Dealing with the shifting emphasis from an income to a cash measured business

• Controlling cash as well as income issues within joint ventures

• The need to establish what the cash/working capital situation would be if a joint venture was a new entity rather than a carry over from both organization

• How to manage the critical topics of cash and working capital

• Advantages and disadvantages of managing a business entirely on income results

• Advantages and disadvantages of managing entirely on cash and the strategic impact if this is not managed correctly

Budgeting

The traditional approach of rigid annual budgets, standard costs and corresponding variance analysis versus the modern approach of rolling forecasts linked to continuously updated standard costs; what are other businesses doing at the "cutting edge" of budgeting?

• What is the impact on a marketing plan if cash and income focuses are not correctly balanced?

• What directors need to consider and do differently when managing a business that focuses on cash

flow rather than just income

• Projecting cash requirements

Other Performance Indicators

A formalized approach to improving management information; the current shift from traditional P&L with cost and variance analysis to specifically formulated and targeted information; how to create your own specific KPIs, as well as selective/segmented and non-financial performance indicators

Warning: The unauthorized reproduction or distribution of this copyrighted work is illegal. Criminal copyright infringement, including infringement without monetary gain, is investigated by the FBI and is punishable by up to five years in federal prison and a fine of $250,000.

Warning: The unauthorized reproduction or distribution of this copyrighted work is illegal. Criminal copyright infringement, including infringement without monetary gain, is investigated by the FBI and is punishable by up to five years in federal prison and a fine of $250,000.

The AAFM was chosen by Dubai Financial Market (DFM) to conduct the seven week professional training component of the Kafa’at programme for graduates entering the brokerage and trading industry in recent years. AAFM also has formed alliances with the Accreditation Council for Business School Programs, President of India's Official Advisors, Arab League’s Arab Academy, Egyptian Investment Management Association, Dubai International Finance Exchange, Bahrain Institute of Banking and Finance, Capital Markets Authority Approved Training Programs of the Kingdom of Saudi Arabia, the United Nations Civil Society, Dubai Institute of Human Resource Development, the Ministry of Human Resources China Government, the Republic of China, Brazil Governmental Agencys, & approved training of the Monetary Authority of Singapore, Dubai Quality Group and many more. AAFM partners with SCA